secwatch.observer — SEC 8-K summary
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Issuer:     CISO Global, Inc. (CISO)
CIK:        0001777319
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001493152-24-008957
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CISO Global announces 1-for-15 reverse stock split effective March 7, 2024 to regain Nasdaq compliance
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- Reverse stock split ratio 1-for-15; effective after close on March 7, 2024; split-adjusted trading March 8.
- Shares outstanding reduced from ~180M to ~12M; par value unchanged at $0.00001.
- Primary goal: raise per share price to meet Nasdaq minimum $1.00 bid for continued listing.
- CEO cites institutional investor concern about an 'anomaly in shares'; split to identify legitimate shareholders.
- Outstanding equity awards, warrants, and convertible notes proportionately adjusted; no fractional shares issued.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1777319/000149315224008957/0001493152-24-008957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1777319/000149315224008957/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008957

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